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20121205
20121213
Search Results 0 to 6 of about 7 (some duplicates have been removed)
not raise tax rates. now republicans are pointing back to july 2011. this statement by president obama. >> yes, said give us $1.# trillion in additional revenues that could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes. eliminating deductions. and engaging in a tax reform process that could lowered rates generally while broadening the base. >> bret: the white house is saying it's out of context but not specifically how out of context. bring in the panel. steve hayes for "weekly standard." kirsten powers for daily beast. syndicated columnist, charles krauthammer. charles? >> look, i love when the president says we need conceptual break through. meaning the republicans have to accept a hike in rates. what he means is a political surrender. because there is no economic reason why you cannot raise the money he wants raised. by doing it through eliminating deductions, inclusions and credit. number one as we saw he, himself, said so. a year-and-a-half ago. secondly, the same debt reduction commission he appointed and then ignored. spoke a
have announce of compassion this christmas season, save it for john boehner and the house republicans. president obama is treating them as if he has them over a barrel headed if for fiscal cliff. and he does. this is not because mr. obama won re-election. after all, he won 51%. needed the greatest voter mobilization operation in history to do it. his leverage now stems from the law, which ends the bush tax rates on january 1, imposing new higher tax rate and a steep set of spending cuths that fall with special force on military. nobody wants these things but republicans, the low tax and strong defense party, want them least of all. not only that. but polls indicate that if these things come to pass, the public by large margin will blame the g.o.p. speaker boehner is trying to head this off bargaining with the president to keep tax rates they are now and raising revenue and closing tax loophole. mr. boehner want the president to agree to serious reform of the entitlement benefit. mr. obama says he wants to higher tax re-knew and higher tax rates on the rich to boot. but he has offered
tobin live in lansing. thank you. president obama is vehemently against the michigan right to work law. he spoke against it yesterday near detroit. earlier today, the republicans accused the president of deliberately delaying talks to get the country office call cliff. late this afternoon, word of a new offer from the president. an g.o.p. counter offer. we have been told the president and the house speaker boehner spoke on the phone moments ago. chief white house correspondenthead entry has the update. good evening. is that promising? >> some promising signs tonight. i confirmed what you mention about the phone call today. late today between the president and the speaker. that followed what i'm told by the senior officials of what is a better than has been reported face to face meeting on sunday when the president and speaker got together for the hush-hush meeting here that it went better. on monday, the president put a new offer on the table to lower the tax increase from $1.6 trillion to $1.4 trillion. then the speaker late today put a counter offer on the table so in profit making p
take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creates a great deal of money as well. >> one conservative financial commentator suggests the likely outcome of the fiscal cliff talks won't be the end of the world. >> we will have taxes that are the same as the taxes were under bill clinton. we did find that we will do fine. >> the question is whether the negotiations will lead to making other tough ch
the republic; such as, world war ii. >> but obama's overreach is one thing and whether the republicans can use the debt ceiling when it come up in february or march, when it comes up. that is another thing they are divided on. that is another area republicans take a big beating. >> bret: republican wants it done before the fiscal cliff. >> i think they want to separate it out. >> let me add in here, judge, to your point that no congress has ever used the fiscal cliff. usual through debt ceiling as a bargaining point, which is what happened last year. this never dealt with. >> what would happen if the congress said no? the president would be forced to operate the federal government in money available to him. >> nobody said that to ronald reagan or the first george busher second george bush. >> democrats voted against raising the debt ceiling. >> but nobody has ever, ever stopped it and made it a point of then fiscal negotiation. only happened once. >> we have never been in treacherous, perilous fiscal circumstances as today. >> bret: top senate republican calling it quits was here on the set wi
to president obama was tense, hopes of a possible deal seem to be fading fast. >> i remain the most optimistic person in this town, but we've got some serious differences. >> the biggest difference is over taxes. republicans complain in an interview with abc news the president made it harder for boehner to sell compromise to republicans by saying the only way to go forward is for the speaker to cave. >> i'm confident republicans would not hold middle class taxes hostage to try to protect the tax cuts for high-income individuals. >> white house officials today incested the president was merely reiterating a long-held position and said the hold up is the republicans failing to get specific about taxes. >> closing loopholeles they will not name, capping deductions that they will not specify sometime in the future. those magic beans are just beans. that fairy dust is just dust. >> boehner fired back the real problem is the president's latest proposal offered in private on monday is light on spending cuts and only dropping his request on tax ib crease increases from $1.6 trillion to $1.4 trillion.
Search Results 0 to 6 of about 7 (some duplicates have been removed)